Ameritas Investment Partners Inc. Trims Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Ameritas Investment Partners Inc. lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,016 shares of the financial services provider’s stock after selling 388 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Jones Lang LaSalle were worth $3,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. Parallel Advisors LLC boosted its position in shares of Jones Lang LaSalle by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 49 shares in the last quarter. Tandem Capital Management Corp ADV boosted its position in shares of Jones Lang LaSalle by 0.4% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock worth $2,779,000 after acquiring an additional 55 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Jones Lang LaSalle by 4.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 57 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Jones Lang LaSalle by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock worth $4,419,000 after acquiring an additional 84 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Jones Lang LaSalle by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock worth $1,289,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the subject of several research reports. Raymond James boosted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. UBS Group boosted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Stock Performance

JLL opened at $262.58 on Friday. The stock has a market cap of $12.49 billion, a P/E ratio of 42.22 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The stock’s 50 day simple moving average is $245.88 and its 200 day simple moving average is $212.45. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $265.63.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.